HONG KONG, Oct. 30 (Xinhua) -- Mongolia expects to recover its mine supply to the Chinese market in five to ten months as China has reduced purchasing mine in Mongolia due to the sluggish global economy, the vice minister of the country's Ministry of Economic Development Chuluunbat Orhirbat said here on Tuesday.

Monday, October 29, 2012

A new report from IFC and the World Bank finds that Mongolia is the top improver for the year for ease of doing business in East Asia and the Pacific Region and among the global 10 reformers in improving business regulations.

Coal miner Peabody Energy (BTU.N: Quote), eager to tap Mongolia"s massive coal resources, said on Friday it expects to resume talks with the government in early 2013 over acquiring a stake in the undeveloped western block of the Tavan Tolgoi deposit.

Within the framework of the “National Program to Expand the Range of Blood Donors,” Parliament members headed by Z.Enkhbold, Head of the State Great Khural (Parliament) and President Ts.Elbegdorj donated their blood at the State Palace last Friday.

The following was translated from local business media regarding the Prime Minister’s new initiative to reduce the price of coal for ger district residents—in contrast with legislation to reduce the use of coal.

MANAKIN-SABOT, Va. — When Linda Bugbee's husband suggested traveling to the South Pacific to see a total solar eclipse, she was more enthusiastic about the cruise and visiting Tahiti than she was about seeing a celestial phenomenon.

AUSTRALIAN diplomats have been blocked by Mongolian authorities from attending the questioning of stranded Australian lawyer Sarah Armstrong over bribery allegations against her Rio Tinto-owned employer.

Oxfam UK, a UK-based charity, City of London and Symbiotics, a Swiss microfinance investment intermediary, recently launched a joint initiative known as the Small Enterprise Impact Investing Fund (SEIIF).

A new report from IFC and the World Bank finds that Mongolia is the top improver for the year for ease of doing business in East Asia and the Pacific Region and among the global 10 reformers in improving business regulations.

The rapid inflow of huge amounts of investment cash is forcefully dragging the small economy of Mongolia forward, despite numerous problems plaguing the Government and related crucial decision-making bodies.

Saturday, October 27, 2012

Sarah Armstrong, the SouthGobi lawyer who last week was detained by the Mongolian government as a corruption investigation witness, has been subject to lengthy interrogations, her mother told the Weekend Australian.

Parliament's move to draw greater royalties and tax from the Oyu Tolgoi copper and gold project through revision of the investment agreement for the tremendous copper mine has some investors worried for the political stability and its ability to honor agreements.

The Mongolian government plans to invite bids by the end of the year for the first phase of a USD 7 billion project to build around 6,000 kilometers of new lines, comprising an east-west corridor and two north-south lines.

Coal miner Peabody Energy Corp., who was offered a contract to develop Tavan Tolgoi's West Tsankhi, raced past analysts' estimates as cost cuts started to pay off and sales volumes in Australia climbed on a pick-up in demand from China, sending its shares up as much as 14 percent.

Walter Energy (NYSE:WLT) reports that its third quarter earnings will include a goodwill impairment charge of up to $1.1 billion, resulting from modifications in the world outlook for met coal, along with sluggishness of late in global demand.

IT WAS - and still is - a country of immense untapped potential. But a series of missteps, uncertainties and controversies, culminating in the recent detention of Australian lawyer Sarah Armstrong, has seen Mongolia develop an increasingly unwelcome reputation for risk.

ULAN BATOR, Oct 26, 2012 (Xinhua via COMTEX) -- Mongolian Mining Minister D.Ganhuyag on Friday said the ministry will work hard until the the Oyu Tolgoi (OT) investment agreement is changed, promising that he would resign if he failed.

MONGOLIAN anti-corruption investigators were last night interrogating trapped Australian lawyer Sarah Armstrong for the second time over alleged misdeeds by her Rio Tinto-owned employer, a week after she was subjected to a 10-hour grilling.

Friday, October 26, 2012

The hearing dates which were earlier set to hear the appeal brought by two former police Special Action Squad commandos sentenced to death for the murder of Mongolian national Altantuya Shaariibuu, has been vacated.

The Standing Committees on Economy and State Budget held a joint meeting on Tuesday and discussed the draft loan agreements on “Health sector development program-4: Additional financing” and “Health sector development program-4” that will be implemented by the fund from the Asian Development Bank.

Government officials note that the release of Government Bonds will serve an important role in the short term plan to overcome current budget-related issues and the long term plans to finance some projects and programs to reduce their bond risks and, most importantly, to develop the government bond marketing as well as bond trading.

A recent drop in the share price for Entrée Gold, Inc., has been labeled “disappointing,” but the Canadian mining exploration company working in Mason Valley says it does not feel that decline reflects the underlying value of either of its two main projects, including the Ann Mason Project.

Caterpillar Inc., the heavy machinery brand distributed by Wagner Asia Equipment LLC in Mongolia, slashed its 2012 forecast for the second time this year and warned the global economy was slowing faster than it had expected.

MELBOURNE (Reuters) - Coal miner Peabody Energy (BTU.N: Quote), eager to tap Mongolia's massive coal resources, said on Friday it expects to resume talks with the government in early 2013 over acquiring a stake in the undeveloped western block of the Tavan Tolgoi deposit.

Young people with bicycles have shown their support for actions which the Ulaanbaatar City Governor’s Office and the Millenium Challenge Foundation are taking to reduce air pollution and traffic congestion in Ulaanbaatar.

CALGARY, ALBERTA — John J. Komarnicki, Chairman and Chief Executive Officer of DOT Resources Ltd. (TSX VENTURE:DOT) ("DOT" or the "Corporation"), on behalf of the Board of Directors, announces the appointment of Mr. Frank L. Wells, Jr. as a Director of the Corporation effective October 24, 2012.

BEIJING, Oct. 25, 2012 -- /PRNewswire-FirstCall/ -- Yongye International, Inc. (NASDAQ: YONG) ("Yongye" or the "Company"), a leading developer, manufacturer and distributor of crop nutrient products in China, today announced that the Special Committee of its Board of Directors (the "Special Committee"), formed to consider certain potential transactions involving the Company, including the preliminary, non-binding proposal (the "Proposal") from a buyer group (the "Buyer Group") including (i) Mr. Zishen Wu, the Company's Chairman and Chief Executive Officer, (ii) Full Alliance International Limited, (iii) MSPEA Agriculture Holding Limited, and (iv) Abax Global Capital (Hong Kong) Limited, to acquire all of the outstanding shares of common stock of the Company not currently owned by the Buyer Group in a going private transaction (the "Proposed Transaction"), has retained Houlihan Lokey as the Special Committee's independent financial advisor.

THE Hong Kong-based firm behind an Australian woman's detention in Mongolia as part of a corruption investigation has refused to comment on claims she was banned from leaving the country as retaliation for providing information against Mongolian authorities.

Inner Mongolia Baotou Steel Rare-Earth (SSE:600111), one of China’s leading rare earth producers, has halted production at some of its smelting and separation operations in an effort to stabilize slumping prices.

Australia-listed Modun Resources said Thursday it had signed a heads of agreement with Australian trader Tennant Metals for thermal coal sales from its wholly owned Nuurst coal project in central Mongolia.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

A recent drop in the share price for Entrée Gold, Inc., has been labeled “disappointing,” but the Canadian mining exploration company working in Mason Valley says it does not feel that decline reflects the underlying value of either of its two main projects, including the Ann Mason Project.

Rio Tinto and Turquoise Hills Resources last week publicly and firmly rejected a request by the Government of Mongolia to renegotiate the Oyu Tolgoi Investment Agreement (‘OT IA’), which is widely viewed as a benchmark for Mongolia’s commitment towards foreign investment and the country’s flagship mining development project.

On any given day at the American Museum of Natural History, employees might be meeting with dignitaries, interacting with children or traveling to far-flung destinations like Antarctica or Mongolia on scientific expeditions.

An Australian lawyer trapped in Mongolia was due to face her second interrogation by anti-corruption police last night as Australian consular officials tried to find out why she cannot leave the country.